Knowledge is power! – said Francis Bacon, and the person after whom the Foundation was named, the late István Kovács could completely identify with that. He was a young student at a time when few could line up behind this slogan and take advantage of the opportunities created by knowledge, however, for him the acquisition of knowledge was the most important compass in life.

The acquisition and possession of knowledge, and exploiting it in the interest of the community, is a treasure and a privilege at the same time. Our Foundation was established for the purpose of assisting and rewarding individuals whose desire for knowledge is outstanding, but are in need of help to unfold their talent, or face financial barriers. Our objective is to reach out to children at a stage of life when it is already evident that they stand out from the crowd in something. We want every child to become a smart, intelligent, responsible adult with our support.